Workday Has A 'Long Runway Of Growth,' Says Bullish Analyst
Portfolio Pulse from Priya Nigam
Workday Inc (NASDAQ:WDAY) has been identified by RBC Capital Markets analyst Rishi Jaluria as having a 'long runway of growth' with more than 20% subscription growth expected. The company's expansion from core HR into financials, coupled with a successful evolution into a multi-product platform, is likely to drive this growth. Jaluria initiated coverage of Workday with an Outperform rating and a price target of $275.
June 28, 2023 | 3:42 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Workday Inc (NASDAQ:WDAY) has been given an Outperform rating and a price target of $275 by RBC Capital Markets analyst Rishi Jaluria. The company's expansion into financials and evolution into a multi-product platform is expected to drive over 20% subscription growth.
The positive outlook from RBC Capital Markets analyst Rishi Jaluria, including an Outperform rating and a price target of $275, indicates strong confidence in Workday's growth potential. This is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100